Callahan Advisors LLC Sells 13,836 Shares of Kinder Morgan, Inc. $KMI

Key Points

• Callahan Advisors LLC has reduced its stake in Kinder Morgan, Inc. by 3.7%, selling 13,836 shares, leaving it with a total of 360,173 shares valued at approximately $10.59 million.
• Other institutional investors have increased their holdings, with Vanguard Group acquiring an additional 1.3 million shares, and Goldman Sachs Group increasing its stake by 37.5% during the first quarter.
• Kinder Morgan reported a 13.2% year-over-year revenue increase in its latest quarter, achieving $4.04 billion in revenue and meeting consensus earnings estimates of $0.28 per share.

Callahan Advisors LLC reduced its holdings in shares of Kinder Morgan, Inc. (NYSE:KMI - Free Report) by 3.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 360,173 shares of the pipeline company's stock after selling 13,836 shares during the period. Callahan Advisors LLC's holdings in Kinder Morgan were worth $10,589,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Kinder Morgan by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 204,148,872 shares of the pipeline company's stock valued at $5,824,367,000 after acquiring an additional 1,302,794 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Kinder Morgan by 37.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 20,281,385 shares of the pipeline company's stock valued at $578,628,000 after acquiring an additional 5,529,065 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Kinder Morgan by 2.0% during the 1st quarter. Deutsche Bank AG now owns 15,002,375 shares of the pipeline company's stock valued at $428,018,000 after acquiring an additional 290,653 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kinder Morgan by 19.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 13,324,387 shares of the pipeline company's stock valued at $380,145,000 after acquiring an additional 2,144,307 shares in the last quarter. Finally, Amundi boosted its position in shares of Kinder Morgan by 8.0% during the 1st quarter. Amundi now owns 12,762,800 shares of the pipeline company's stock valued at $353,785,000 after acquiring an additional 943,023 shares in the last quarter. 62.52% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kinder Morgan

In related news, VP Sital K. Mody sold 45,549 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $27.96, for a total transaction of $1,273,550.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dax Sanders sold 30,127 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $27.05, for a total transaction of $814,935.35. Following the sale, the executive vice president directly owned 292,000 shares of the company's stock, valued at approximately $7,898,600. This trade represents a 9.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 134,174 shares of company stock valued at $3,727,678 over the last 90 days. Company insiders own 12.73% of the company's stock.

Kinder Morgan Trading Up 1.1%

KMI opened at $27.62 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.53. The company has a market cap of $61.38 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 3.21 and a beta of 0.78. The firm has a 50 day simple moving average of $27.24 and a 200 day simple moving average of $27.43. Kinder Morgan, Inc. has a fifty-two week low of $23.94 and a fifty-two week high of $31.48.

Kinder Morgan (NYSE:KMI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The pipeline company reported $0.28 earnings per share for the quarter, hitting analysts' consensus estimates of $0.28. The business had revenue of $4.04 billion during the quarter, compared to the consensus estimate of $3.75 billion. Kinder Morgan had a net margin of 17.06% and a return on equity of 8.31%. Kinder Morgan's revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 earnings per share. On average, sell-side analysts anticipate that Kinder Morgan, Inc. will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on KMI shares. Stifel Nicolaus lifted their target price on shares of Kinder Morgan from $28.00 to $29.00 and gave the company a "hold" rating in a research report on Thursday, August 14th. TD Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating and a $34.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Kinder Morgan from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Cowen began coverage on shares of Kinder Morgan in a research report on Monday, July 7th. They issued a "buy" rating on the stock. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Kinder Morgan in a research report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Kinder Morgan presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.88.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company primarily in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline, and storage systems; natural gas gathering systems and natural gas processing and treating facilities; natural gas liquids fractionation facilities and transportation systems; and liquefied natural gas gasification, liquefaction, and storage facilities.

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